Summative ENTREP RALPH

Republic of the Philippines
Department of Education
Region VIII – Eastern Visayas
SCHOOLS DIVISION OF CATBALOGAN CITY
SAMAR NATIONAL SCHOOL
Summative Test in Entrepreneurship
Name: ______________________________ Grade & Sec.: ___________ Date: _______

Subject Teacher: _____________________________________________ Score: ______
DIRECTIONS: Read each item carefully. Select the letter of the best answer from the
choices given.
1. Which of the following stimulate work development and employment opportunities?

A. Creating new job openings
B. Grow new markets
C. Improves personal satisfaction
D. Carries social advantages to the individuals
2. These are the social benefits of entrepreneurship to the government that provide
programs for the people except for:
A. Paying taxes
B. Applying for business permits and licenses to operate business
C. Filing of correct remittances
D. Starting up a business without proper documentation
3. All organizations experience disappointment, which prompted the shutting of their

business. What are the reasons for these disappointments?
A. Lack of knowledge and experience in operating a business
B. Resignation of skilled workers
C. Lack of supply for needed raw materials.
D. All of the above
4. Which among the statement depicts the commitment of entrepreneurship to the

economy?
A. Employment opportunities
B. Career alternatives for women and minorities
C. Economic growth
D. All of the above
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5. Which among the following accompanying concepts show the way towards creating
new ideas, methods, or processes?
A. Business Model B. Modeling
C. Creative flexibility D. Innovation
6. What term refers to tangible products that consumers can actually observe with their
senses?
A. Goods B. Services C. Intangible D. Customers
7. Which of the following businesses is categorized as a service?

A. Car repair B. Furniture
C. Foods D. Medical Check-up
8. Which of the following refers to sales opportunity?

A. Reach B. Relevance
C. Range D. Revenue
9. Which of the following steps determine product-market fit?

A. Understand your customers' current needs and foresee future ones.
B. Encountering risks and uncertainties
C. Build credibility
D. All of the above
10. Which of the following is not included in 12 Rs in Opportunity Screening?

A. Resonance B. Returns
C. Research D. Reinforcement
11. What term refers to create new business through economic and innovative activities
to turn new ideas to breakthrough solutions?
A. Business Enterprise B. Entreprendre
C. Business Process Enterprise D. Entrepreneurship
12. Which of the following terms is the process/act of introducing new ideas, devices, or
methods to an organization?
A. Innovation B. Invention
C. Technology D. Modernization
13. What business term is synonymous to an Entrepreneur?

A. Customers B. Owner
C. Users D. Employee
14. Which of the following terms refers to all activities involved in securing new and
additional resources for your organization that involve making better use of, and
maximizing, existing resources?
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A. Innovation B. Encountering risk and uncertainties
C. Resource Mobilizing D. Opportunity seeking and Exploitation
15. Whose president issued E.O. 470 establishing the Youth Entrepreneurship Program
as an answer to the global call to engage the young in the economic development and
nation-building?
A. Ferdinand Marcos B. Gloria Macapagal Arroyo
C. Diosdado Macapagal D. Ninoy Aquino
16. . Which of the following is the common demographic variables?

A. Needs and wants B. Lifestyles
C. Reactions D. Gender
17. What is an example of behavior graphic segmentation?

A. Social class B. Perception
C. Attitude D. Religion
18. What is the most widely used and easiest method for segmenting the market?
A. Demographic B. Behavior graphic
C. Psychographic D. Geographic
19. How do you segment a product market?

A. Set the objectives and goals
B. Find place in the competitive landscape
C. Figure out your point of difference
D. Identify your brands
20. Why is there a need for Market Segmentation?

a. It helps consumers with enough purchasing power.
b. It is the process of dividing the market into homogenous parts.
c. It involves the decision to select segments and choosing the best action plans.
d. It helps the Entrepreneur to devise appropriate marketing strategies and
promotional schemes according to the taste of individuals for a particular
market segments.
II. TRUE OR FALSE

Direction: Read each statement carefully. Write T if it is true and F if it is false.
1. Entrepreneurship makes the accompanying commitments to the lives of the
Filipinos by improving personal satisfaction.
2. Entrepreneur creates business that produces products that meet the wants and
needs of consumers
3. Entrepreneurship makes a liberal responsibility to the raising and collection of
taxes.
3
4. Entrepreneurs develop an opportunity searcher mentality.
5. Entrepreneurs stimulate work development and employment opportunities by
creating new job openings when they enter the market.
6. The Roots of Entrepreneurship can be traced to capitalism.
7. Having an entrepreneurship degree will assure a person that his/her business
endeavor will be successful.
8. In 1987 constitution, Entrepreneurship recognized as engine to economic
growth.
9. Marco Polo is considered as one of the early entrepreneurs.
10.Entrepreneurship originates from the Greek word entreprende, which means to
undertake a business.
11.Entrepreneurs ought to consistently on the know with the technological changes.
12.Entrepreneur’s undertaking must be fit with the climate conditions in their local
area.
13.Government policies and administrations, do have a solid impact on business
activities.
14.Government laws guidelines do not restrict business exercises.
15.Environmental Force Matrix is a shortlist of the patterns, issues, and
advancements in the distinctive environmental forces that add to any business
dynamic.
16.Direct competitors produce and sell comparative items.
17.Creditors broaden their help by stretching out credit to the business.
18.Employers guarantee the quality and number of items or administrations to the
clients.
19.Customers are the purchasers of goods and administrations gave by the
business.
20.The government alludes to the entire framework that handles the undertaking of
the nation and has the ward over the significant exercises within the territory.
21.The physical and societal environments don't impact or relate to one another.
22.Entrepreneurs can’t maximize opportunities based on the following physical
environment such as climate, physical resources, and wildlife.
23.Entrepreneurs must take into genuine thought the area of the proposed
business, its atmosphere, and the accessibility of materials in the said area.
24.The social environment incorporates the social, political, cultural, economic,
legal, and technological forces.
25.The presence and supply of raw materials in a certain locality influence the total
cost of productions.
26.Market Segmentation applies only to small entrepreneurial ventures.
27.Consumers have common wants.
28.Demographic segmentation involves dividing the total markets based on the
gender of the customer.
29.The importance of Market Segmentation is that it allows a business to precisely
reach a consumer with specific needs and wants.
30.It is a must for the Entrepreneur to segment the market.
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III. Give what is asked in the following items.
A. Enumerate and explain the Success Factors for Entrepreneurs. 5 points each
B. When can we say that a product has a good brand name? (Essay. 20 points)
C. Why is there a need for us to understand the ways and steps in naming the
brand of our product? (Essay. 20 points)
D. Enumerate and explain the types of brand naming.
E. What is Business planning? Elucidate and explain the elements of Business plan
(Essay. 50 points)

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Republic of the Philippines

Summative Test in Entrepreneurship

Name: ________________________ Grade & Sec.: _ Date: ___

1. Which of the following stimulate work development and employment opportunities?

3. All organizations experience disappointment, which prompted the shutting of their

4. Which among the statement depicts the commitment of entrepreneurship to the

7. Which of the following businesses is categorized as a service?

8. Which of the following refers to sales opportunity?

9. Which of the following steps determine product-market fit?

10. Which of the following is not included in 12 Rs in Opportunity Screening?

13. What business term is synonymous to an Entrepreneur?

16. . Which of the following is the common demographic variables?

17. What is an example of behavior graphic segmentation?

19. How do you segment a product market?

20. Why is there a need for Market Segmentation?

II. TRUE OR FALSE

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